They also just closed another 470 stores this year. Sales are half of what they were in 2019.
Basically they got a huge cash infusion from memestock hodlers trying to get to the moon. Greater than half of their profits are now from the interest on that money, which is wild.
However, the retail business itself is still failing because no one buys video games at the mall anymore.
Basically they got a huge cash infusion from memestock hodlers trying to get to the moon. Greater than half of their profits are now from the interest on that money, which is wild.
However, the retail business itself is still failing because no one buys video games at the mall anymore.